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Business

Project bidding for 5th Ring Road delayed

KUWAIT CITY, Feb 12: The Ministry of Public Works had put on hold the bidding for the Fifth Ring Road project following a major controversy …

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Minister of Commerce supports ‘homegrown’ industrial projects

Amir extol KCCI chief on honorary ABC post One of the participants in expo ‘Maker Faire’ KUWAIT CITY, Feb 11, (KUNA): Kuwaiti made projects dealing …

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Finance Minister, London Lord Mayor discuss ‘boosting’ ties

‘Govt, investors have role in achieving net-zero economy’ Finance Minister and Acting State Minister for Economic Affairs Mariam Al-Aqeel KUWAIT CITY, Feb 11, (KUNA): Kuwaiti …

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Saudi company takes 25% stake in Kuwaiti-owned JOLT cafe

KUWAIT CITY, Feb, 10 : An undisclosed Saudi company has acquired 25 percent ownership of JOLT café which is owned by a group of young …

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CBK reduces interests’ rate structure

KUWAIT CITY, Feb 10: The Central Bank of Kuwait has reduced the interests’ rate structure for liquidity management tools, reports Al-Qabas daily quoting informed sources …

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Some local banks adopt new strategy to ‘court’ depositors

Interest waived on a third of loan granted KUWAIT CITY, Feb 10: Some banks have recently adopted a new strategy what it called ‘credit courtship’ …

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The Ministry of Interior to float tender for fuel cards

KUWAIT CITY, Feb 9: The Ministry of Interior will float a tender for the supply of fuel cards (gasoline cards) that is worth 9.6 million …

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Decline seen in KPC investment profits

KUWAIT CITY, Feb 9: A government document showed decline in profits from the investment portfolio of Kuwait Petroleum Company (KPC) by $1.049 million – 72.8 …

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OPEC plus, what is your asking price?

Kamel Al-Harami Further production cuts above the current volume of 1.7 million barrels will not be enough, especially in the absence of any price guidance. …

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Study underway for merger of oil firms: KNPC CEO

Al-Bader stresses company’s keenness to transparency KUWAIT CITY, Feb 6: The CEO of Kuwait National Petroleum Company (KNPC) Waleed Khaled Al- Bader disclosed that study …

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